How to Choose the Right Legal Structure for Your Business?
Comparison of different structures: LLC (SARL), Corporation (SA), SAS.
LLC (SARL)
Ideal for: SMEs, family projects
Capital
1 MAD minimum
Partners
1 to 50
Advantages
- ✓ Limited liability
- ✓ Flexible management
- ✓ SME taxation
Disadvantages
- • Restricted share transfer
- • No public offering
Corporation (SA)
Ideal for: Large projects, fundraising
Capital
300,000 MAD minimum
Partners
5 minimum
Advantages
- ✓ Credibility
- ✓ Transferable shares
- ✓ Capital raising
Disadvantages
- • Heavy formalism
- • High capital
- • Complex governance
SAS
Ideal for: Startups, flexibility
Capital
1 MAD minimum
Partners
1 minimum
Advantages
- ✓ Great statutory freedom
- ✓ Flexibility
- ✓ Investor-friendly
Disadvantages
- • Complex statutes to draft
- • Less known
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